PropTech

This Research Note explores the recent announcement that Consigli, a Norwegian engineering software startup has been acquired by AECOM. We examine the transaction details, Consigli’s approach to AI-driven engineering workflows in real estate development, AECOM’s strategic rationale, and the impact on the AEC sector. Transaction Details Global infrastructure engineering giant AECOM has acquired Norwegian AI […]

In this subscriber-only video, we pull back the curtain on how market research actually works, and why it’s more nuanced than you might think. When someone asks how big the smart building technology market is, the answer depends entirely on who you ask, what they measure, and how they define the boundaries of that market. […]

This Research Note examines the recent announcement by Trane Technologies to acquire a minority stake in Kieback&Peter. We highlight the transaction details, the target firm profile, and financials before assessing the strategic rationale of the acquisition. Transaction Details On 22nd October 2025, Trane Technologies announced a definitive agreement with Kieback&Peter Group (K&P), a European leader in […]

This Research Note examines the acquisition of the German software company Thing-it, by MazeMap, a Norwegian indoor navigation provider. We examine the development of the two startup companies prior to their merger and conclude with our perspective on the consolidation. Transaction In August 2025, Thing-it became part of MazeMap. Since then, the company reported that […]

This Research Note explores the acquisition of UK-based Spica Technologies Ltd (formerly owned by Nordomatic) by Hubstar Group Ltd, announced on 9th October 2025. We examine the Spica Technologies software offering before highlighting Hubstar’s strategy with 4 acquisitions to date and concluding with our view of the transaction. Spica Technologies Profile Spica Technologies is a […]

In this Research Note, we examine the building automation business of Delta Electronics, a Taiwanese public company. We review the current brand offerings, financial highlights, a recent significant deployment, and provide a Memoori view of this second-tier player, building on our coverage of their strategy last year. Building Automation Brands The building automation business has […]

This Research Note examines a report from Reuters that MRI Software is to be listed in an IPO or sold. We explore the development of the business over the last 10 years, since it was acquired by private equity owners, highlight their software acquisitions for commercial real estate applications addressing integrated workplace management, tenant experience […]